Oil Monkey Franchise

Greenwood, CO

Oil Monkey is a top-rated oil change and automotive aftermarket repair franchise. We have single and multi-unit opportunities available throughout the United States.

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Cash Required

$400,000

Min. Franchise Fee

$39,900

Total Number of Units

337 Franchising Since

1978

Corporate Headquarters

Greenwood, CO

CEO Name

Rob Lynch

Min. Franchise Fee

$0

Royalty Fee

6.0%

Ad Fund Fee

4.5%

Franchise Description

HOW WE STAND OUT FROM COMPETITORS

We’re Not Owned by Our Suppliers

We’re one of the largest oil change franchises not owned by an oil company. Our independence gives us the freedom to always pursue the best quality and prices for our franchisees and their customers.

Flexible Development Options

Our construction and design plans are flexible, allowing you to take advantage of more real estate opportunities and potentially save time and money.

Happy Repeat Customers

We enjoy high customer service ratings and a stellar repeat customer percentage, creating a strong platform for your business growth.

Multi-Unit Opportunities Available Nationwide

While most large oil change chains have stagnated, we expect to open hundreds of locations in the coming years. If you are looking to take on a swath of territory, we should talk.

Why Choose Oil Monkey?

The auto repair industry is massive, steadily growing, and resistant to downturns. Oil Monkey is a great business opportunity because more than 99% of the vehicles on U.S. roads need regular oil changes. While EVs are slowly gaining market share, it will be decades before they are the majority of cars on the road.

The auto aftermarket industry is strong because almost everyone in America drives. Americans cumulatively drive about 3.3 trillion miles per year and are keeping their vehicles longer than ever before. According to research, the average vehicle in operation in 2023 was 12.5 years old; 25% of cars are 16 years old or older. Drivers understand that to extend the life of their vehicles, routine maintenance is a must.

TOf the 297 million vehicles projected to be on American roads in 2024, 99% require oil changes. Despite the attention EVs receive, it’s expected to take several decades for them to outnumber gas-powered vehicles. According to the New York Times, analysts expect EVs to make up a quarter of new car sales in the U.S. by 2035, but only 13% of the vehicles on the road will be EVs due to the older vehicles still in operation.

TIf and when EVs become the majority of vehicles on the road, we’ll be ready. EVs may not need engine oil, but they still need brake fluid, coolant, brake pads, cabin air filters, batteries, and other routine maintenance items. Oil Monkey is already studying the market for EV maintenance and developing plans for this eventual transition.

Franchise History

Founded in 1978 and based in Denver, Oil Monkey has grown to more than 500 centers internationally with operations in the United States, Mexico, China, Colombia, and Saudi Arabia. The brand has flourished thanks to a commitment to customer service, innovation, and driving strong ROI for franchisees. Oil Monkey’s success has been built upon fast, reliable oil changes and courtesy checks that help extend the life of our customers’ vehicles. Oil Monkey is part of FullSpeed Automotive®, one of the largest and fastest-growing quick lube organizations not owned by an oil company. FullSpeed is focused on helping franchisees open new businesses while also acquiring auto service centers from independent operators who are ready to sell. The goal is to use economies of scale to boost purchasing power and support for every location — whether the location is owned by a franchisee or by FullSpeed Automotive itself. Oil Monkey believes that the best way to build a successful business is to instill a strong culture within the organization. We all rely on one another for the brand to be successful. We work hard every day to earn the trust of franchisees, just as you work to earn the trust of your customers and employees.

Training and Support

The training process is very important to our customers. Studies show that customers want to know that your employees are certified. At Oil Monkey, employees wear pit crew shirts to show their certification. You’ll become certified, too. The first step of your training is learning our proven system. Our online training platform, FullSpeed Automotive University, is available 24/7. The training is very robust and has more than 250 courses – some of which are required. This is the platform you’ll use to train your own people. In addition, you’ll spend a week in Denver at our New Franchisee Training School, and we’ll show you how to differentiate Oil Monkey from other quick lube businesses. Our Training School Includes: Oil Monkey processes that go beyond the oil change to leave a strong customer impression Staff presentations to help you understand key business systems Presentations from key vendors to help you understand some of the resources that will help you run your business Role playing

Franchise Unit Trends

Total Number of Units

337 New Units Opened

40 Average Unit Revenue

0 Total Investment

0 Net Worth Required

0 Cash Required

$400,000

The details on this page have been supplied by the franchise or its representative. Bridge Point Business Brokers is not involved in the sale of this franchise, has not independently verified the provided information, and does not assume responsibility for its accuracy or completeness. Before responding to any franchise offers, please review the Terms of Use set forth by Bridge Point Business Brokers.